Zscaler (ZS) Stock Forecast, Price & News

35 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last year. There are currently 14 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ZS shares.
View ZS analyst ratings or view top-rated stocks.

35 Wall Street analysts have issued 12-month target prices for Zscaler's stock. Their ZS share price forecasts range from $115.00 to $268.00. On average, they predict the company's share price to reach $165.29 in the next year. This suggests a possible upside of 23.2% from the stock's current price.
View analysts price targets for ZS or view top-rated stocks among Wall Street analysts.

Zscaler's stock was trading at $111.90 at the beginning of 2023. Since then, ZS stock has increased by 19.9% and is now trading at $134.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, June 1st 2023.
View our ZS earnings forecast.

Zscaler will be holding an earnings conference call on Thursday, June 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Zscaler, Inc. (NASDAQ:ZS) issued its quarterly earnings data on Thursday, March, 2nd. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.08. The firm had revenue of $387.60 million for the quarter, compared to analysts' expectations of $363.80 million. Zscaler had a negative net margin of 24.08% and a negative trailing twelve-month return on equity of 50.58%.

ETFs with the largest weight of Zscaler (NASDAQ:ZS) stock in their portfolio include Spear Alpha ETF (SPRX), Global X Cybersecurity ETF (BUG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK) and Global X Cloud Computing ETF (CLOU).

Zscaler updated its third quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $415.00 million-$419.00 million, compared to the consensus revenue estimate of $397.42 million.

684 employees have rated Zscaler Chief Executive Officer Jay Chaudhry on Glassdoor.com. Jay Chaudhry has an approval rating of 97% among the company's employees. This puts Jay Chaudhry in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Zscaler investors own include NVIDIA (NVDA), Block (SQ), Okta (OKTA), Salesforce (CRM), DocuSign (DOCU), Alibaba Group (BABA), Trade Desk (TTD), Zoom Video Communications (ZM), Twilio (TWLO) and CrowdStrike (CRWD).

(ZS) raised $110 million in an IPO on Friday, March 16th 2018. The company issued 10,000,000 shares at $10.00-$12.00 per share. Morgan Stanley and Goldman Sachs served as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Deutsche, Credit Suisse, UBS Securities, Baird, BTIG and Needham, Stephens were co-managers.

Zscaler trades on the NASDAQ under the ticker symbol "ZS."

Zscaler's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.87%), WestBridge Capital Management LLC (1.38%), First Trust Advisors LP (1.28%), Champlain Investment Partners LLC (1.06%), Geode Capital Management LLC (0.86%) and Renaissance Technologies LLC (0.84%). Insiders that own company stock include Ajay Mangal, Alan H Auerbach, Amit Sinha, Andrew William Fraser Brown, Dali Rajic, Jagtar Singh Chaudhry, Karen Blasing, Manoj Apte, Remo Canessa and Robert Schlossman.
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Shares of ZS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ZS stock can currently be purchased for approximately $134.18.

Zscaler (NASDAQ:ZS) has a market capitalization of $19.47 billion and generates $1.09 billion in revenue each year. The company earns $-390,280,000.00 in net income (profit) each year or ($2.29) on an earnings per share basis.

The company employs 4,975 workers across the globe.

Zscaler's mailing address is 120 HOLGER WAY, SAN JOSE CA, 95134. The official website for the company is www.zscaler.com. The company can be reached via phone at (408) 533-0288 or via email at ir@zscaler.com.